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Strategies & Market Trends : Young and Older Folk Portfolio

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Tam3262

From: chowder

8/1/2024 11:51:27 AM

1 Recommendation of 21871

I'm sure our boy Vince (JV) will be happy!

Iron Mountain lifts payout by 10%, marking the second increase since early 2020

Iron Mountain (IRM) announced its next dividend of $0.715 per share, a 10% increase over the company's previous payout of $0.65.

The document storage REIT is adapting to an increasingly paperless world by targeting on emerging market tenants and investing in data centers. This strategy is yielding results, with the payout ratio at the firm's target low- to mid-60% range, supporting dividend growth.

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